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If you add a C-Corporation as part of your business structure you are able to reduce your taxable income and therefore be qualified for some deductions which is why your current income is simply high. Remember, a C-Corporation is their own individual citizen.

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I was paid $78,064, which I'm taxed on for Social Security and Healthcare. I put $6,645.72 (8.5% of salary) in 401k, making my federal income taxable earnings $64,744.

Copyright 2010 by RioneX IP Group LLC. All rights shy. This material may be freely copied and distributed subject to inclusion within this copyright notice, author information and all of the hyperlinks are kept in one piece.

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